Here’s my trade…and my target for Tesla ($TSLA) – October 15, 2021

by DAN TSLA 
I am looking at Tesla ( NASDAQ: TSLA ) today. This is one of the stocks on our Active Trade List, where I am giving you the entry, the stops, raising your stops, the exit, the rationale, all of that. One of the trades is Tesla ( NASDAQ: TSLA ) here, I am showing you all the different entries.

What I like about this, today, why I decided to come back to this for my Fitz In Five, is because this is starting to look like it’s going parabolic. It broke out here above the 50 back in September, and then it just kind of drifted sideways for a while. It has been kind of climbing along the upper Bollinger Band, and then today it just kind of squirted out to the upside.

They report earnings on the 20th, that’s 5-days from now, that’s on Wednesday. The way this thing is going, it had above-average volume today, do you really see anybody deciding that they are going to sell their Tesla ( NASDAQ: TSLA ) before earnings because I don’t? I just really don’t think that you are going to see a lot of folks rushing to sell this stock before earnings.

What I am liking about it is, I look at the weekly chart and this thing looks like it’s coming out of a big long base here that is close to a year, it’s 9-months, which is 3-months shy of a year. Bet you didn’t know that; so this is really the move I am looking for. I don’t know where it’s going to be next Wednesday but I can just about guarantee, as much as you could in trading, that the stock is going to be above 845.00.

My short-term WAG on this, which stands for, wild ass guess, would be 900.00. I really feel like in 3-days we could see this stock go up another $50.00. When you think about it, that’s only another 5-5.5 percent, this could totally do that, it ran 3.3 percent just today. So I am looking, literally, for a short-term price target of $900.00 before they report earnings.

Now, depending on what they say, as I look at the Options Market, I will look at it now, as I look at the Options Market, the Options Market is implying a $60.00 move, one way or another. So it could be up from 845.00, up $60.00, to about 905.00, or it could be down $60.00 to about 785.00, something like that. So that is really a big range that this thing could be moving in. But between now and earnings I am looking for more upside.

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